This certified financial planner is a keen equity investor. Over here, articulates his strategy with plenty of examples. Here are his investing principles, and how he draws a balance between buy-and-hold and buy-and-ignore.

Wealthy is having more money than you needed to do all the things you wanted to do. It is not a number so much as a psychological feeling: you aren’t worried about running out of money because you have more than enough, even if it might be less than someone who was worried about going broke. Rich is a number and does not equate to being financially secure.

When it comes to investing, this can have disastrous consequences. Because it skews our view of reality and the future. Any investor can fall prey to it. Any – irrespective of age, gender, nationality or race. Don’t fret. Half the battle is won if you recognise that it exists.

Yes Bank investors are a bruised lot. Yet, if we looked closely, red flags were evident all along. Granted, in hindsight, all of us are smart. So let us just look at the valuable lessons we can all learn from this saga.

Bill Nygren has the intestinal fortitude to hold on to his investing principles, even if the market is ruthlessly penalizing him for doing. He shares various insights, such as the importance of considering intangibles when valuing businesses today, and why one must avoid picking a favourite metric and doing all the work based on that metric.

The ranking by ET Wealth and Morningstar India is not based on the returns alone. The aggregate returns were adjusted for risk to evaluate how much risk was taken by the managers to generate the returns.

It is human nature to care more about immediate issues than something that feels far away, like retirement. By the time people get around to caring about retirement, they have already wasted precious time. Retirement takes planning. You must never forget that. If you are not consciously saving for it, you could find yourself in a very hot soup later.